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Moody’s Upgrades GIC Financial Strength Rating
Published on Monday, 14 Nov 07:00 am
Moody’s Investors Service on 1 November upgraded the standalone bank financial strength rating of Kuwait-based Gulf Investment Corporation (GIC) to D from D-, in line with a baseline credit assessment of 12 on a scale of 1 to 21, where 1 reflects the lowest level of risk.
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